Stock Trend Analysis: Bank of America Corporation (BAC)

Bank of America Corporation (BAC) share price fell -0.39% to $25.83 in the last trading session. The Market Cap of the company is $269.18 Billion. The stock’s current distance from 20-Day Simple Moving Average (SMA20) is 2.33%, whereas SMA50 and SMA200 are 5.54% and 8.48% respectively. The Average Volume of the company is 65.77 Million, while the Volume of the company in the last trading session was 51.35 Billion.

Insider Trading

Insider trading is selling or purchasing of a security by someone who has access to material non-public information related to the security. Insider trading can legal or illegal at the same time, depending on when the insider makes the trade. It is illegal when the material information is still non-public—trading while having special information is deceitful to other traders who do not have access to such information.

BAC’s Director BRAMBLE FRANK P Sell 86763 shares of the company at a price of $24.16 on 2017-08-10. Separately, Director Woods Thomas D Buy 25000 shares of the company at a price of $23.81 on 2017-04-27.

Free Cash Flow Growth

FCF is an indicator of a firm’s financial performance, measured as operating cash flow minus capital expenditures. It shows the cash a company is able to generate after spending the money need to maintain or grow its asset base. FCF is an important factor as it enables a company to pursue opportunities that boost shareholder value.

Bank of America Corporation’s average Free Cash Flow per Share Growth Rate was -119 percent during the past 12 months.

Book Value Growth

It is the net asset value of a company, calculated as total assets minus intangible assets and liabilities. Book value refers to the total amount a firm would be worth if it liquidated its assets and paid back all its liabilities.

Bank of America Corporation’s average Book Value per Share Growth Rate was 5.1 percent during the past 12 months.

Profitability and Growth Analysis

Bank of America Corporation (BAC) shows its Return on Assets (ROA) value of 0.8 percent, while the Return on Equity (ROE) value is 7.4 percent and Return on Investment (ROI) value stands at 4.6 percent. The company’s Relative strength index is 61.55.

Analyst Recommendations Analysis

Among analysts who offered their Analysis on Bank of America Corporation (BAC)—8 analysts issued Buy for the stock, 15 analysts gave Outperform rating, 7 think it’s a Hold, 0 issued Underperform, while 1 analyst gave a Sell rating. (These Recommendations are reported by Reuters and are only for the Current Month)

Quarterly Profit Outlook Analysis

A number of analysts offered their Estimated Earnings analysis for Bank of America Corporation (BAC) for the current quarter. 25 analysts on average projected earnings of $0.47 per share for the current quarter. The High end of the forecast is $0.51 per share, while the Low end is $0.43 per share.

Quarterly Revenue Outlook Analysis

Average Revenue Estimate for the current quarter is $21.94 Billion, according to consensus forecast of 13 analysts. The High end of the Estimate is $22.88 Billion, while the Low end of the Estimate is $21.16 Billion. The company had Year Ago Sales of $21.35 Billion.

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